Square IPO sets off strong trading after company sputters at the starting block

Discussion in 'Market News' started by Lily, Nov 20, 2015.

  1. Lily

    Lily Forum Member

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    Stock opens at $9, less than CEO Jack Dorsey had hoped for, but rises to over $12 in early trading to keep hope alive for so-called unicorn startups

    The “unicorns” are still alive! Just. The share sale of mobile payment company Square got off to a good start on Thursday – but only after the Silicon Valley startup was forced to slash the price of its offer.

    Square, one of the Silicon Valley “unicorn” startups – companies valued at billions of dollars despite an absence of profits – began trading on Thursday morning on the New York stock exchange.

    "I'm at both co's every day. There's a @bluebottleroast in between. And they take ApplePay" - @jack on @CNBC pic.twitter.com/GKHVwWsp5t

    LIVE on #Periscope: On the floor $SQ https://t.co/o3ZWs6lEpu

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